BP Wins U.S. Approval to Drill Well in Gulf’s Deep Waters
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BP Plc won its first U.S. permit to drill a new oil well in the Gulf of Mexico’s deep waters, clearing the way for the company to resume exploration after the record offshore spill last year.
BP will drill in 6,034 feet (1,839 meters) of water in the so-called Kaskida prospect, 246 miles (396 kilometers) south of Lafayette, Louisiana, according to a Bureau of Safety and Environmental Enforcement statement today. The London-based company’s exploration plan for the site was approved Oct. 21.